Asphalt Oil Escalation
Due to volitility in the oil and construction materials market many of our asphalt paving quotes will have an escalation clause stating the price of the work will increase as the cost of materials increases.
The MONTHLY ASPHALT CEMENT MATERIAL PRICE, or MACMP, changes frequently and does not regularly reflect crude oil market movement. The past market values for asphalt oil in oregon are available at this webpage:
http://www.oregon.gov/ODOT/HWY/ESTIMATING/docs/asphalt_fuel_prices/macmp.pdf